This specification is to define a standard to the voting process that satisfies the virtues of decentralised governance in the absence of direct sovereignty.
1. Background
Policies put important safeguards in place for organisations, to refute poor and constitute fair practices of governance. Outlining a clear definition of consensus. In the case of decentralised voting, it is not a common occurrence that this is assumed to be a numerical static value, denoted as a quorum.
Quorum: a minimum threshold that the total tally of any ballot is required to meet to be deemed as consensus
While this can be seen as a benefit in defence of the organisation, it can also be seen as a deterrent to progressing the initiative if there is insufficient participation present. The issue roots from predominantly generalising that such value alone - is effectively a minimised policy.
Policies are de-facto principles to the voting process, which defines the parameters for facilitation. Concerning the case of on-chain governance, the policy is encoded into the smart contracts that facilitate governance, conditioned by the following parameters.